MoneyGram Launched a Visa Card That Spends USDC. Ripple’s Former Partner Chose Circle

MoneyGram's new Visa card lets customers spend USDC anywhere Visa is accepted, launching first in Colombia with Stellar handling settlement.

MoneyGram choosing Circle's USDC reflects trust in its compliance record and Latin American liquidity, not a confirmed head-to-head rejection of Ripple's RLUSD.

Ripple held an equity stake in MoneyGram from 2019 until their partnership dissolved in 2021 amid the SEC's legal case against Ripple.

Just released. Our analysts combed the entire stock market and named the ten best stocks to buy right now, and Visa didn't make the cut. Enter your email to see the names that beat V. The report is free. Enter your email and see if any of your stocks made the cut.

MoneyGram (NYSE:MGI) launched a Visa card on September 10 that lets customers spend USD Coin (CRYPTO:USDC) anywhere Visa ( NYSE:V ) is accepted, starting in Colombia. The choice is notable because MoneyGram previously worked with Ripple on cross-border payments, while Ripple now has its own dollar-backed stablecoin, RLUSD.

XRP (CRYPTO:XRP), Ripple's native token, trades at $1.34 as of September 11, 2026, leaving investors to weigh what Ripple's growing stablecoin business means for a token that has yet to benefit directly from every expansion of the company's payments business. So why did MoneyGram choose USDC over RLUSD, and does that choice expose a gap between Ripple's payments ambitions and demand for XRP?

What the Card Does and Where It Launches

24/7 Wall St has helped investors make money for over two decades, and our top analysts just finished ranking the definitive Top 10 Stocks To Buy Now . Not the ten biggest companies. Not the ten everyone is arguing about. The ten best stocks to buy right now.

The report is free, and you can see why we think each stock is a top investment today.

The product is a Visa card that draws its balance from a USDC wallet rather than a bank account, so a customer spends stablecoins at any merchant that already takes Visa. A stablecoin is a crypto token pegged to a currency, in USDC's case the US dollar, so the balance on the card doesn't swing with Bitcoin or Ethereum prices. MoneyGram runs the card program, with the infrastructure built on Rain for card issuance, Crossmint for wallet technology, and Stellar (CRYPTO:XLM) for settlement, while Visa handles the merchant network. MoneyGram Chairman and CEO Anthony Soohoo said the card gives customers "more freedom and control to manage their money, all in one place."